Itc on car

This discussion addresses the treatment of Input Tax Credit (ITC) on a car and its insurance as reflected in GSTR 2A when filing GSTR 9. It clarifies that for small taxpayers with an annual turnover under Rs. 2 crores, filing GSTR 9 is optional. If you choose to file, ITC on items like cars, blocked under Section 17(5) of the CGST Act, needs to be lapsed in GSTR 9 rather than reversed, and should be declared in the appropriate blocked credit column.